RaboResearch - Economic Research

Country Report

Belgium: recovery at a snail's pace

The centre-right government has successfully implemented several policy measures to improve Belgian price competitiveness. High public debt, inflation and security issues are the most prominent downward risks for a stable economic recovery.

Country Report

New Zealand: continuing stress in dairy and housing sector

The economic growth outlook has worsened due to less favorable global outlook, which keeps key commodity prices low. The risk of a sharp correction of house prices in Auckland has induced the government to implement additional macro-prudential measures.